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What is perfect competition? Explain the concept and its features.
Concept: Forms of Market Structure > Perfect Competition
Explain the significance of index numbers in economics.
Concept: Significance of Index Numbers in Economics
Explain the steps involved in the construction of index numbers.
Concept: Construction of Index Numbers
Explain the various methods of measuring national income.
Concept: Concept of National Income
State whether the following statements are TRUE or FALSE:
Saving increases with increase in income.
Concept: Concept of National Income
Distinguish between:
Output method of measuring national income and Income method of measuring national income.
Concept: Concept of National Income
Write an explanatory answer.
Explain the practical (statistical) difficulties involved in the estimation of national income.
Concept: Difficulties in the Measurement of National Income
Give an economic term:
Wear and tear of capital assets due to their use in the process of production.
Concept: Different Concepts of National Income
Study the following table and answer the questions given below it.
| Components | ₹ Crores |
| Consumption (C) | 800/- |
| Investment (I) | 700/- |
| Government Expenditure (G) | 400/- |
| Net Export (X-M) | -150/- |
| Depreciation (D) | 100/- |
- Calculate GDP (Gross Domestic Product) on the basis of the above table.
- Calculate NDP (Net Domestic Product) on the basis of the above table.
Concept: Different Concepts of National Income
Distinguish between the following concepts:
Public finance and Private Finance
Concept: Public Finance
State with reason whether you agree or disagree with the following statement:
The obligatory function is the only function of the Government.
Concept: Public Finance
Explain various sources of public revenue.
Concept: Structure of Public Finance > Public Revenue
Assertion (A): Foreign exchange management and control is undertaken by commercial banks.
Reasoning (R): RBI has to maintain the official rate of exchange of the rupee and ensure its stability.
Concept: Structure of Money Market in India > Organized Sector
Explain the problems faced by the money market in India.
Concept: Problems of the Indian Money Market
What is the role of the capital market in India?
Concept: Role of Capital Market in India
State with reasons whether you agree or disagree with the following statement.
The capital market plays an important role in India.
Concept: Role of Capital Market in India
Identify and explain the following concept:
Raju’s father invests his money in a market for long term funds both equity and debt raised within and outside the country.
Concept: Types of Financial Market > Capital Market
Give an economic term:
Deposits that are withdrawable on demand.
Concept: Structure of Money Market in India > Organized Sector
Identify and explain the concept from the given illustration:
Maharashtra purchased wheat from Punjab.
Concept: Internal Trade
Identify and explain the concept from the given illustration:
England imported cotton from India, made readymade garments from it and sold them to Malaysia.
Concept: Types of Foreign Trade
